Best Bitcoin Exchange for Cape Verde

330 days of sunshine a year, brilliant white sandy beaches, crystal clear water and hardly any tourists – this holiday dream has a name: Cape Verde. The 15 islands, of which only nine are inhabited, offer everything that makes an idyllic holiday. On the island of Sal you will find the most beautiful beaches to relax and unwind.

Island hopping also makes it possible to explore the other islands of Cape Verde. The island of Fogo is especially for the adventurous, because there is an active volcano on it. An ascent is rewarded with a breathtaking view over the island. The hilly landscape and the beautiful cliffs on Santo Antao are ideal for trekking and hiking.

A good travel preparation is recommended for a trip to Cape Verde, because the tourism is not particularly pronounced. Which means of payment are recommended and where one can withdraw money on Cape Verde to replenish the travel cash can be read in the following article.

Cape Verde-Escudo (CVE) – the national currency

Overview Banknotes Cape Verde EscudoCape Verde is the national currency and therefore the official currency of the Cape Verde Escudo, divided into 100 Centavos. Escudo is available in coins and banknotes, the denominations of which are shown in the following table:

• Coins: 1, 5, 10, 20, 50, 100 Escudos
• Notes: 200, 500, 1000, 2000, 5000 Escudos

Foreign exchange may be imported without restriction, but must be declared. The export is limited to the amount declared on import, minus the amounts exchanged. The national currency is subject to an import and export ban.

Changing money in Cape Verde

A previous exchange with the house bank is unnecessary, because apart from the exchange possibilities on Cape Verde, can be paid besides partly in euro. If you pay in Euro, you get your money back in Escudos, but at a worse rate than the regular exchange. In general, however, it is recommended to always have the local currency in your travel budget, as Euro is not accepted on all islands. You can exchange money directly at the international airport. Money can also be exchanged in exchange offices and banks.

On Cape Verde banks are usually open from Monday to Friday between 08:00 and 15:00. It is important to know that a passport must be shown in order to exchange money. In addition, the exchange receipt should be kept in a safe place so that you can easily exchange the national currency you no longer need.

Cashing traveller’s cheques on Cape Verde

Traveler’s cheques are only conditionally suitable as additional means of payment in the travel fund. In general, they are returned worldwide and Cape Verde charges a fee for an exchange to Cape Verde. Eurocheques are not cashed everywhere in Cape Verde. In order to be prepared for all payment situations, you should take cash as well as at least one credit card with you in your travel fund, as you can also use it to withdraw money on Cape Verde.

Cashless payment on Cape Verde

In Cape Verde it is possible to pay bills by credit card in larger hotels. Not only when exchanging money must the passport be presented, but also when paying by credit card. If the card is used for payment, you should know that the credit card institute charges an extra fee for foreign assignments. This surcharge varies between 1 and 4% and depends on the credit card contract concluded.

The exact information about the amount of the foreign assignment fee can be found in the contract documents or you can contact the bank that issued the card directly. In order to save the foreign assignment fee, the only alternative is to pay your bills directly in cash. But even here, a credit card can make sense, because with the right card you can withdraw money free of charge from Cape Verde to get the necessary cash.

Withdraw money to Cape Verde by EC card

Only one of the islands offers the possibility to withdraw money with the EC card: Sal. It is important to know that the EC card must bear the Maestro or Cirrus sign, because V-Pay cards do not generally work outside the euro countries. If you use your EC card to withdraw money on Cape Verde, you should also know that a foreign assignment fee will be added.

Depending on the bank, this usually varies between 5 and 10 euros. This fee for the assignment abroad adds up quickly the more often the EC card is used to withdraw money. This fee is fixed and independent of the withdrawal amount. As a free alternative to the EC card, a credit card is a good option, because you can withdraw money from Cape Verde free of charge when choosing the right one.

Withdraw money from Cape Verde by credit card

You can withdraw money with your credit card in banks or at ATMs. In banks, however, withdrawing money is subject to a high fee and the presentation of a passport is necessary, which is why it is better to go to an ATM. ATMs accept Visa and Mastercard. It is advisable to have a look at the contract documents before you start your journey, as a foreign service fee is often charged for withdrawing money with a credit card. As a rough guideline, it can be said that the fee for the assignment abroad is between 1 and 4%.

If, on the other hand, you use a so-called travel credit card from one of the banks listed below, you will save yourself the fee for the assignment abroad, because with these credit cards it is possible to withdraw money worldwide free of charge. You can withdraw cash free of charge not only abroad, but also from other German banks.

Once the application has been sent, a processing period of up to two weeks should be expected. The credit card will be sent separately from the PIN in a neutral envelope and as soon as both have arrived, the card can be used immediately to withdraw money. In general, it is always advisable to take a credit card with you in your travel fund, as it is accepted far more frequently than the EC card, but can also be used to withdraw money as a means of payment.

Security when withdrawing money on Cape Verde

Minor thefts also occur in Cape Verde. In order not to provoke theft, jewellery should not be worn. Tips for the safe storage of documents and travel funds can also be found in our travel tips section. These and other helpful links for travel preparation are listed below. It is also helpful to always enter the PIN hidden at the ATM.

Should one nevertheless be robbed or even discover a card misuse, immediate action is necessary to prevent a larger, financial damage. In order to have your cards blocked, you call the blocking emergency call directly. This has been specially set up for such cases and blocks the affected card immediately. The number can be reached via the following link. The hotline can be reached 24 hours a day and enables you to have your card blocked at any time of the day and immediately after the grievance has been detected.